According to a report released by the UK's Office for National Statistics (ONS), in January of the current year the producer price index (PPI) for the UK manufacturing industry increased by 0.3 percent compared to December, following the month-on-month stability recorded in December. In the 12 months up to January, the output price index of manufactured products for the domestic market rose 0.9 percent year on year.
In January, the UK's PPI for the basic metal industry decreased 0.4 percent from the previous month and was down 3.1 percent year on year. In the given month, the PPI for domestic manufacture of metal products, except machinery, increased by 0.3 percent month on month and was up 0.8 percent year on year.
Meanwhile, in the imported metals sector, in January of the current year the input price index of imported basic iron and steel, ferroalloys, tube and pipes in the UK remained unchanged compared to December and was down 4.4 percent compared to January 2013, while the imported other basic metal product input price index increased by 0.7 percent compared to the previous month and was down 15.3 percent year on year.